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Description
TENANTED GROUND FLOOR RETAIL PREMISES***IMEDIATE INCOME PRODUCING INVESTMENT 136sqm (1,463sq ft) Town Centre Location on the High Street in prominent position. Current rent £26,500p.a on a FRI Lease
GROUND FLOOR RETAIL PREMISES Internally the property offers an open plan retailing space with partitions erected to the rear to form w.c facilities and stores.
TENANTED INVESTMENT OPPORTUNITY*** Tenant: Merkur Slots UK Ltd Expiry: 11th June 2039 Tenant Break: June 2029 Rent Review: June 2029 & 2034 Passing Rent: £26,500p.a Full repairing and insuring lease.
EXCELLENT TRADING LOCATION*** Nearby occupiers include Greggs, Warren James, Specsavers and Caffe Nero
GREAT LOCATION within busy town centre with HIGH LEVELS OF PASSING TRADE. Highly prominent frontage in highly visible location.
TENANTED GROUND FLOOR RETAIL PREMISES***IMEDIATE INCOME PRODUCING INVESTMENT 136sqm (1,463sq ft) Town Centre Location on the High Street in prominent position. Current rent £26,500p.a on a FRI Lease. GROUND FLOOR RETAIL PREMISES Internally the property offers an open plan retailing space with partitions erected to the rear to form w.c facilities and stores. TENANTED INVESTMENT OPPORTUNITY*** Tenant: Merkur Slots UK Ltd Expiry: 11th June 2039 Tenant Break: June 2029 Rent Review: June 2029 & 2034 Passing Rent: £26,500p.a Full repairing and insuring lease. EXCELLENT TRADING LOCATION*** Nearby occupiers include Greggs, Warren James, Specsavers and Caffe Nero. GREAT LOCATION within busy town centre with HIGH LEVELS OF PASSING TRADE. Highly prominent frontage in highly visible location.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 15 Years
Rent: £26,500 per year / £2,208 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: Tenant: Merkur Slots UK Ltd Expiry: 11th June 2039 Tenant Break: June 2029 Rent Review: June 2029 & 2034 Passing Rent: £26,500p.a
Maps & Location
Map Street View SatelliteHigh Street runs through the heart of Ayr, a coastal town in South Ayrshire on the west coast of Scotland. It is centrally located, connecting with other major streets such as Sandgate and Newmarket Street, and it leads to the River Ayr. Ayr is a popular coastal market town with a population of approximately 50,000, making it the largest settlement in Ayrshire. The town benefits from excellent transport links and is considered Ayrshire's premier shopping destination. Located approximately 200 meters from Ayr Central the property benefits from high passing footfall with nearby occupiers including Barclays, Tui, Specsavers, Greggs, Blue Lagoon and Caffe“ Nero.
Document Downloads
Pricing Information & Bidding
Opening Bid: £212,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 244High Street, Ayr